Finance

Inside Bank of America’s sprawling tech and ops division, and the 7 key decision-makers managing its $14 billion annual budget and 95,000 employees

  • Cathy Bessant is the chief operations and technology officer at Bank of America.
  • She oversees a $14 billion annual tech budget and 95,000 employees globally.
  • These are the seven key leaders who report directly to Bessant.
Insider Finance: The deals & personas dominating Wall Street
LoadingSomething is loading.

With a $14 billion annual tech budget and 95,000 employees globally, Bank of America’s technology and operations division is a key portion of the second-biggest US bank by assets.

Cathy Bessant, the bank’s chief operations and technology officer, has led the group for more than a decade, including its reorganization.

Insider identified the seven key executives within Bessant’s inner circle. Their responsibilities span tech and ops duties within consumer and wealth management to the overall cybersecurity of the firm.

“One of the key ingredients to making it work is that they are integrated with each other,” Bessant told Insider of her leadership team of seven. “A technology and operations organization doesn’t have the luxury of being able to be an island.”

Subscribers can see the full list of Bessant’s key deputies here:

Meet the 7 people reporting to Bank of America’s top tech exec Cathy Bessant who help oversee a $14 billion annual budget and 95,000 employees

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

To Top